The Golden Lounge

[yayaa]

This from 10QSB/FLNT, Impact date May 2002. Just for the record they registered 27 million shares in April.

http://www.freeedgar.com/search/ViewFilings.asp?CIK=910111&Directory=1013596&Year=02&SEC...

Plan of Operation

Our objective is to be the leading worldwide provider of real- time
e-commerce and business-to-business communications in the petroleum marketing
industry. Our vertical integration strategy is to purchase existing petroleum
marketers, transport companies, dealers and related facilities in key
distribution markets.

We intend to finance these purchases with the issuance and sale of taxable
municipal bonds. We have been negotiating the issuance of $330 million of
Taxable Municipal Bonds with the Town of Davie, Florida. We currently have
prepared an application for the bond offering that requires us to pay a $660,000
commitment and application fee. We are also required to have a bank issue a cost
of issuance and short fall letter of credit in the amount of approximately
$9,900,000 which is refundable from the proceeds of the bond issue. As of the
date of this Report, GunnAllen Financial our financial advisor, has brought an
investor that has completed extensive due diligence on the proposed bond
offering and has verbally agreed to escrow approximately $11 million for our
company. These monies will be used to pay for the application and commitment fee
in the amount of $660,000 and the cost of issuance and short fall letter of
credit in the amount of approximately $9.9 million, as well as certain legal and
underwriting fees. It is anticipated that the agreement for this $11 million, if
acceptable terms are negotiated, should be executed in May 2002. However, there
can be no assurances that agreeable terms will be reached, or that this matter
will be successfully consummated.